JobCentre, Westfield House, 85 Manningham Lane Bradford West Yorkshire BD1 3BE

JobCentre,
Westfield House, 85 Manningham Lane
Bradford
West Yorkshire
BD1 3BE

  • JobCentre,<br>Westfield House, 85 Manningham Lane<br>Bradford<br>West Yorkshire<br>BD1 3BE

Freehold Substantial Office Investment and Undeveloped Land with Residential Development Potential (Subject to Consents)

  • Let to The Secretary of State for Communities and Local Government until 2024
  • Substantial Office Building with Car Parking
  • Includes a parcel of land 0.32 Acres (0.12 Hectares) with Development potential (subject to consents)
  • Prominent location approximately 600 metres from Bradford Foster Square Railway Station
  • Lot
    18
  • Auction
    17/Feb/2022
  • Rent
    £128,465 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles west of Leeds, 30 miles north-east of Manchester
Roads
A650, A6177, M606, M62
Rail
Bradford Interchange, Bradford Forster Square Railway Stations
Air
Leeds Bradford Airport
Situation

The property is prominently situated on the west side of the busy Manningham Lane between Hanover Square and Victoria Street, approximately 600 metres from Bradford Foster Square Railway Station and The Oastler Shopping Centre and Market.

Tenure

Freehold.

Location
Miles
8 miles west of Leeds, 30 miles north-east of Manchester
Roads
A650, A6177, M606, M62
Rail
Bradford Interchange, Bradford Forster Square Railway Stations
Air
Leeds Bradford Airport
Situation

The property is prominently situated on the west side of the busy Manningham Lane between Hanover Square and Victoria Street, approximately 600 metres from Bradford Foster Square Railway Station and The Oastler Shopping Centre and Market.

Tenure

Freehold.

Description

The property comprises a substantial 4 storey office building with a car park and undercroft car parking. The office building benefits from significant frontages to three roads and may be suitable for possible future residential conversion (subject to consents).

In addition to the office building, the property comprises a parcel of L shaped land, subject to vacant possession, equating to approximately 0.32 Acres (0.12 Hectares) which may be suitable to increase car parking or residential or commercial development (subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Description

The property comprises a substantial 4 storey office building with a car park and undercroft car parking. The office building benefits from significant frontages to three roads and may be suitable for possible future residential conversion (subject to consents).

In addition to the office building, the property comprises a parcel of L shaped land, subject to vacant possession, equating to approximately 0.32 Acres (0.12 Hectares) which may be suitable to increase car parking or residential or commercial development (subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Review/
(Reversion)
Ground
First
Second
Third
Office
Office
Office
Office
448.95 sq m
664.71 sq m
670.67 sq m
670.20 sq m
(4,833 sq ft)
(7,155 sq ft)
(7,219 sq ft)
(7,214 sq ft)
THE SECRETARY
OF STATE FOR
COMMUNITIES
AND LOCAL
GOVERNMENT
t/a Job Centre
Plus
6 years from
24/09/2018 on a full
repairing and
insuring lease
£128,465 (23/09/2024)
Land Unused
0.32 Acres
(0.12 Hectares)
VACANT
POSSESSION
- - -
Total Approximate Floor Area
2,454.53 sq m
(26,421 sq ft) (1)
    £128,465)  

(1) The floor areas stated above have been taken for the Valuation Office Agency website. www.voa.gov.uk
(2) 1) The property is let for a term of 6 years from 24th September 2018 by virtual of a Reversionary lease from 1st April 2022 until 31st March 2024. The current rent reserved under the terms of the lease is £128,465 per annum exclusive. The tenant is currently benefiting from a rent concession of £64,232 per annum exclusive for 10 months from completion of the Reversionary lease.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    28.01.22
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Schofield Sweeney Church Bank House, Church Bank
Bradford
West Yorkshire
BD1 4DY
Darren Birkinshaw 01274 350 816DarrenBirkinshaw@schofieldsweeney.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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